Patrick Industries to Buy Cabinet Door Business

December 21, 2009 by · Leave a Comment 

Quality Hardwood SalesPatrick Industries Inc.  a major manufacturer and distributor of building and component products for the recreational vehicle, manufactured housing and industrial markets, announced today (Dec. 21) that it has signed a definitive agreement to acquire certain assets of the cabinet door business of Quality Hardwoods Sales, a limited liability company based in Nappanee, Ind. The transaction is expected to be completed in January.

“This acquisition fits within the scope of our strategic plan by adding products which complement our existing RV product lines,” stated Todd Cleveland, president and CEO of Elkhart, Ind.-based Patrick. “Patrick’s expertise in the cabinet door industry and its state of the art manufacturing facility afford the company the opportunity to further drive value for its customers and shareholders and gain additional market share, while at the same time improving both our profitability and leverage positions.”

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